Ajman has emerged as a strategic centre for non-oil economic growth, leveraging its free zones, infrastructure investments and cultural heritage. The emirate’s GDP reached Dh36bn ($9.8bn) in 2023, with key contributions from manufacturing, construction and trade. Ajman Vision 2030 outlines a roadmap for sustainable, inclusive development, prioritising smart governance, environmental protection,
Bahrain has seen its economy expand through diversification efforts, with a focus on finance, industry and technology. Projects in infrastructure, digital transformation and tourism aim to drive growth and attract foreign investment. The kingdom is committed to sustainability, targeting a 30% reduction in carbon emissions by 2035. The financial sector is a key contributor with innovation in financ
A transformation is sweeping through Saudi Arabia’s legal landscape, marking a pivotal moment in the country’s journey towards modernisation and transparency. With a focus on aligning with global standards, Saudi Arabia is ushering in an era of reform that promises to reshape its legal system and redefine its role on the international stage. These changes are part of the broader Vision 2030 initiative,…
Amid growing global challenges, Saudi Arabia has emerged as a leader in environmental protection through the adoption of ambitious laws and policies. Vision 2030 serves as a pioneering roadmap for sustainable development, focusing on improving quality of life and conserving natural resources. One of the Kingdom’s most notable environmental initiatives is the Green Riyadh project, which is one of…
Saudi Arabia is leading environmental protection through ambitious laws and policies, aligned with Vision 2030. A major initiative is the Green Riyadh project, one of the world’s largest afforestation efforts, aiming to transform Riyadh into a sustainable green city. The Kingdom introduced the Environment Law in 2021, focusing on pollution control, waste management and resource conservation. Saudi…
Saudi Arabia, the region’s largest economy, is progressing towards diversification under Vision 2030. The digital economy is a standout performer, contributing 14% of GDP, while government-led giga-projects open long-term opportunities across various sectors. Despite a dip in oil activities that reduced the current account surplus to 3.2% in 2023, tourism income surged by 38%, boosting the servi
While known primarily for its vast gas reserves prior to 2010, Qatar’s global profile received a major boost that year when it was chosen to host the 2022 FIFA World Cup, leading to a significant increase in infrastructure development throughout the country. Qatar is now leveraging its natural resources to become a knowledge-based, diversified economy, and it is looking to attract greater foreig
Sharjah has emerged as a diverse economic powerhouse, with nearly 96% of its economic output driven by non-oil sectors. As host to six free zones and featuring a population of 1.8m, the emirate is prioritising economic diversification and cultural richness. Robust growth is seen across sectors like manufacturing, construction and real estate, supported by initiatives like Sharjah Sustainable City.
Interview:David Walker, Partner, ASAR Legal What are the legal considerations and challenges facing mergers and acquisitions (M&A) in Kuwait? DAVID WALKER: Organisations engaging in M&A in Kuwait need to be particularly mindful of, among other things, foreign ownership restrictions and Competition Law considerations. There is a general requirement that at least 51% of a company’s…
While it is common knowledge that laws in the Middle East include certain restrictions on foreign parties doing business that do not otherwise apply to citizens, significant strides have been made in the region in recent years. These reforms have facilitated foreign investment and participation in businesses. Kuwait has led the way with a number of reforms and was a pioneer with the promulgation of…
